Often touted as one of the top jobs of the 21st century, a data scientist is an increasingly common requirement across firms of different sizes and from a variety of verticals. This comes from the fact that:
- Massive amounts of data are flowing into most companies
- This data is looked at as potentially a great source of valuable strategic insights
In the course of a data science career, a data scientist handles a number of responsibilities. The key purpose is to support product, marketing, and leadership teams with insights gleaned through data analysis of large data sets. Some specific responsibilities are mentioned below:
- Extracting and analyzing data from company databases for insights on how to optimize their product development and business strategies
- Creating custom data algorithms
- Organizing and using predictive modeling to design better user experiences, generate revenues, and improve targeting and business outcomes
- Developing tools to monitor and analyze the performance
- Coordinating with different functional teams to implement models and monitor outcomes
- Searching for new tools to increase the accuracy and effectiveness of data sources